Web3 STEPN Integrates Apple Pay
🔵 Web3 Move-to-Earn App STEPN Integrates Apple Pay for In-Game Purchases
Web3 move-to-earn game STEPN is integrating payments service Apple Pay as a fiat onramp for in-app purchases in a bid to make its app more widely accessible. The integration will allow users to connect their credit card to Apple Pay and purchase non-fungible token (NFT) sneakers necessary for gameplay. With Apple Pay as a fiat payment method, users will no longer have to connect a crypto wallet.
The integration will allow users to connect their credit card to Apple Pay and purchase non-fungible token (NFT) sneakers necessary for gameplay. With Apple Pay as a fiat payment method, users will no longer have to connect a crypto wallet. According to data platform Dune Analytics, while STEPN quickly scaled to over 700,000 monthly active users in May 2022, it has since declined to about 23,000. Jerry Huang, co-founder of Find Satoshi Labs (FSL), the company behind STEPN, said in a press release that using a hybrid of Web2 and Web3 technologies is a helpful avenue for onboarding more users to the ecosystem.
Rewrite and expand
STEPN, a popular web3 move-to-earn game, has taken a significant step towards enhancing its accessibility by integrating Apple Pay as a fiat onramp for in-app purchases. This exciting development allows users to connect their credit cards to Apple Pay, enabling them to conveniently acquire non-fungible token (NFT) sneakers required for gameplay. By incorporating Apple Pay as a fiat payment method, the need for users to connect a crypto wallet is eliminated.
Previously, STEPN experienced remarkable growth, amassing over 700,000 monthly active users in May 2022, as reported by data platform Dune Analytics. However, its user base has seen a decline, currently resting at approximately 23,000. In an effort to revitalize and expand the ecosystem, Jerry Huang, the co-founder of Find Satoshi Labs (FSL), the company behind STEPN, stated in a press release that leveraging a combination of Web2 and Web3 technologies serves as a valuable approach for onboarding more users.
The integration of Apple Pay represents a strategic move for STEPN as it aims to broaden its appeal to a wider audience. By embracing a well-established and user-friendly payment service like Apple Pay, the game simplifies the purchase process for players who may not yet be familiar with cryptocurrencies or decentralized finance. This integration allows STEPN to tap into the vast user base that already relies on Apple Pay for their digital transactions, potentially attracting new participants to the web3 gaming ecosystem.
With the integration, users can seamlessly associate their credit cards with Apple Pay within the STEPN app, offering a convenient and familiar payment method. This integration not only streamlines the in-app purchase experience but also eliminates the potential barriers posed by cryptocurrency wallets, thereby reducing friction for new users who may be hesitant to navigate the complexities of crypto-related technologies.
By embracing a hybrid approach, combining the strengths of both web2 and web3 technologies, STEPN aims to strike a balance between accessibility and the innovative potential of blockchain and NFTs. This strategy seeks to provide a more inclusive and user-friendly environment, enabling a broader range of individuals to participate in the move-to-earn game and explore the benefits of web3 gaming.
Overall, the integration of Apple Pay marks a significant milestone for STEPN, demonstrating its commitment to expanding its user base and enhancing accessibility. By incorporating widely recognized and user-friendly payment solutions, STEPN paves the way for a smoother onboarding process, opening doors to a larger audience and contributing to the ongoing growth of the web3 gaming ecosystem.